Kronos Worldwide Inc (NYSE:KRO – Get Free Report) shares fell 7.6% on Monday . The company traded as low as $6.15 and last traded at $6.1050. 125,016 shares changed hands during trading, a decline of 62% from the average session volume of 330,846 shares. The stock had previously closed at $6.61.
Analyst Upgrades and Downgrades
A number of research firms recently issued reports on KRO. Weiss Ratings raised shares of Kronos Worldwide from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, July 10th. Wall Street Zen upgraded Kronos Worldwide from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. Finally, Zacks Research raised Kronos Worldwide from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $5.00.
Get Our Latest Analysis on Kronos Worldwide
Kronos Worldwide Stock Performance
Kronos Worldwide (NYSE:KRO – Get Free Report) last announced its earnings results on Wednesday, May 6th. The specialty chemicals company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.29. Kronos Worldwide had a negative net margin of 7.12% and a negative return on equity of 15.01%. The business had revenue of $509.80 million during the quarter, compared to the consensus estimate of $524.00 million. On average, research analysts anticipate that Kronos Worldwide Inc will post -0.33 earnings per share for the current year.
Kronos Worldwide Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th were paid a dividend of $0.05 per share. The ex-dividend date was Thursday, June 4th. This represents a $0.20 dividend on an annualized basis and a yield of 3.3%. Kronos Worldwide’s payout ratio is presently -17.24%.
Institutional Investors Weigh In On Kronos Worldwide
A number of institutional investors have recently modified their holdings of KRO. Raymond James Financial Inc. purchased a new position in shares of Kronos Worldwide in the 2nd quarter worth about $42,000. Jain Global LLC bought a new stake in Kronos Worldwide during the 4th quarter valued at about $46,000. Pilgrim Partners Asia Pte Ltd raised its holdings in Kronos Worldwide by 68.1% in the fourth quarter. Pilgrim Partners Asia Pte Ltd now owns 11,600 shares of the specialty chemicals company’s stock worth $51,000 after buying an additional 4,700 shares during the last quarter. Susquehanna Portfolio Strategies LLC bought a new position in shares of Kronos Worldwide in the fourth quarter worth approximately $53,000. Finally, Alpine Global Management LLC bought a new position in shares of Kronos Worldwide in the fourth quarter worth approximately $54,000. 15.11% of the stock is owned by hedge funds and other institutional investors.
Kronos Worldwide Company Profile
Kronos Worldwide, Inc is a leading global producer of titanium dioxide (TiO₂) pigments, a white pigment widely used in paints, coatings, plastics, paper, and many other industrial and consumer applications. Headquartered in Dallas, Texas, the company markets its products under the “Kronos” brand and has built a reputation for high-quality pigment performance, technical support, and reliable supply. Kronos serves a diverse customer base across coatings manufacturers, plastic compounders, and paper producers, delivering solutions tailored to enhance opacity, color strength, and durability.
In addition to its core TiO₂ offerings, Kronos produces and markets iron oxide pigments and zircon-based specialty chemicals, expanding its portfolio to meet the needs of markets such as construction, ceramics, and glass.
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